ADVANCES AND SUBSCRIPTION TO CAPITAL STOCKS  PRIVATE DEVELOPMENT
BANKS/PRIVATELY OWNED BANK IN THE THRIFT BANK CATEGORY/RURAL BANK
 represents credit
accommodations such as conduit lending and rediscounting facilities to
private development banks and other privately owned banks in the
thrift bank category, as well as rural banks; and equity investments
in preferred and common stocks in the said banks, if such investment
is in connection with the privatization of certain branches of the
Bank. The investment is subject to Monetary Board approval and shall
not exceed 30% of the equity in any such bank nor shall total equity
investments of the Bank exceed the prescribed aggregate ceiling on
such investments.
(Development Bank of the Philippines)

BALANCE OF PAYMENTS (BOP)
-
statistical statement that systematically summarizes, for a specific
period, the economic transactions of a country with the rest of the
world. Transactions, for the most part between residents and
non-residents, consist of those involving goods, services and income;
those involving financial claims on and liabilities to the rest of the
world; and those (such as gifts) classified as transfers which are
real resources and financial claims provided to, or received from the
rest of the world without the corresponding resources and financial
claims received or given in exchange. (Bangko
Sentral ng Pilipinas)

BANK LENDING RATE

weighted average interest rate charged by commercial banks on loans
granted during a given period of time. Monthly data is derived as the
ratio of actual interest income on their peso-denominated loans (i.e.
demand/time loans, bills discounted, mortgage contract receivables,
and restructured loans, whether secured or unsecured) to the total
outstanding level of these loans. Weekly data refer to the weighted
average interest rate on loans granted for all maturities during the
reference period. (Bangko
Sentral ng Pilipinas)

CURRENCY IN CIRCULATION

currency issue of the BSP (Bangko Sentral ng Pilipinas) less cash on
hand of the National Treasury and of the DMBs (Deposit Money Banks).
(Bangko
Sentral ng Pilipinas)

CURRENCY ISSUE

this consist of notes and coins issued by BSP, excluding those in the
vault of the BSP and its regional offices and units and those in
transit to/from regional offices/units. (Bangko
Sentral ng Pilipinas)

DEPOSIT MONEY BANKS (DMBs)

these are financial institutions other than monetary authorities that
have liabilities in the form of deposits payable on demand and
transferable by check. (Bangko
Sentral ng Pilipinas)

DEPOSIT SUBSTITUTES

instruments used as an alternative form of obtaining funds from the
public other than deposits, through the issuance, endorsement or
acceptance of debt instruments for the borrowers own account. These
represent all types of money market borrowings by banks like
promissory notes, repurchase agreements, commercial papers/securities
and certificates of assignment/participation with recourse. (Bangko
Sentral ng Pilipinas)

DOMESTIC LIQUIDITY

consists of money supply, peso savings and time deposits and deposit
substitutes of money generating banks or DMBs. Also referred to as M3.
(Bangko
Sentral ng Pilipinas)

DOMESTIC NON-PHILIPPINE NATIONAL COMPANY  company incorporated in
the Philippines with majority of its stocks being foreign-owned. (Insurance Commission)

DOMESTIC PHILIPPINE NATIONAL COMPANY  domestic company
incorporated in the Philippines with majority of its stocks being
Filipino-owned. (Insurance Commission)

EDUCATIONAL ASSISTANCE LOANS

loans granted to poor but deserving post secondary students enrolling
in certain degree or non-degree priority courses implemented under the
Educational Assistance Act of 1976 (P.D. No. 932) as well as DBP Board
resolution 711, s. 1977, otherwise known as the "Study Now Pay Later
Program".
(Development Bank of the Philippines)

EQUITIES AND OTHER INVESTMENTS 
represents investments in shares of stocks, including any unpaid
subscription, in companies/institutions of allied undertaking, as
allowed under existing laws, rules and regulations. Other investments
include those made for public relations purposes and/or to qualify as
member/subscriber of clubs/other non-profit organizations/public
utilities, including deposits made therein.
(Development Bank of the Philippines)

FINANCIAL REHABILITATION LOANS  refers to special financing extended
to bonafide calamity victims to help reconstruct existing viable
projects damaged by natural calamities such as floods, earthquakes,
drought.
(Development Bank of the Philippines)

FOREIGN COMPANY

a company doing business in one country but incorporated in another
country.
(Insurance Commission)

GENERAL INSURANCE FUND

amount set aside in payment for losses/damages under the non-life
insurance operations.
(Government Service Insurance System)

GOVERNMENT LOANS 
represents loans to provinces, cities and municipalities to finance
the construction of self-liquidating projects and other public
improvements such as markets, waterworks systems, public town halls,
slaughterhouses and electric plants, and for cadastral surveys and
purchase of heavy equipment and machinery.
(Development Bank of the Philippines)

GOVERNMENT SECURITIES

bonds, securities, promissory notes or other evidence of indebtedness
of the Government of the Philippines (e.g., Treasury Bills, Treasury
Notes, Government Bonds).
(Social Security System)

GOVERNMENT SERVICE INSURANCE SYSTEM (GSIS)  a government-owned and
controlled corporation which provides retirement annuities, insurance
and other services for government employees, and insurance for
government-owned properties. (Bangko
Sentral ng Pilipinas)

GROSS DOMESTIC CREDITS

consist of domestic securities, loans and advances of DMBs and the BSP.
Credits to BSP include holdings of Central Bank/BSP Certificates of
Indebtedness and reverse repurchase loans of DMBs. Domestic credits
are subdivided into public and private credits. (Bangko
Sentral ng Pilipinas)

HOUSING LOANS

bonds, securities, promissory notes or other evidence of indebtedness
of shelter agencies of the National Government of financial
intermediaries to finance housing loans of members and in long term
direct individual or group housing loans (e.g., releases to NHMFC/HDMF,
house repair and/or improvement.
(Social Security System)

INDUSTRIAL LOANS

represents loans granted to finance the establishment, rehabilitation,
development, expansion and operation of industrial projects,
enterprises engaged in the purchase, processing and transformation of
raw materials, manufacture of goods, as well as the marketing thereof,
including the purchase of industrial machinery, equipment and
implements used or to be used therein, and loans granted to
Participating Financial Institutions (PFIs).
(Development Bank of the Philippines)

INSURANCE PREMIUM

contribution of the account of the employee whether made by themselves
or their employers for social security reasons.
(Government Service Insurance System)

INTERBANK CALL LOAN (IBCL) RATE 
the rate charged by a bank on its loans to other banks for periods not
exceeding 24 hours for purposes of covering reserve deficiencies. (Bangko
Sentral ng Pilipinas)

INVESTMENTS

amount of money or other resources measured in terms of money placed
on activities or other forms of assets for the purpose of earning
profits.
(Government Service Insurance System)

LIABILITY

an amount owed (i.e. payable) by an individual or entity for items or
services received, expenses incurred, assets acquired and amounts
received but not yet earned. (Bangko
Sentral ng Pilipinas)

LICENSED COMPANY

a company that has been issued a license or certificate of authority
to provide insurance coverage and services in the Philippines.
(Insurance Commission)

LIFE INSURANCE COMPANY

a company that insures lives of persons through policy issuances,
which may include health and accident policies.
(Insurance Commission)

LOANS GRANTED

loans approved by banks, which had been credited to a borrowers
account or made available to him during a given period of time. Loans
granted are classified by purpose, by debt instrument, and by
industry. (Bangko Sentral ng Pilipinas)

LOANS OUTSTANDING
-
the unpaid balance of loans as of a certain date. All categories
(except on type of debt instruments) on loans outstanding of
commercial banks do not include past due items, items in litigation,
domestic and foreign bills-clean. Loans outstanding are classified by
region, by purpose, by debt instrument, and by industry. In addition,
they are classified by type of security and by borrower. (Bangko
Sentral ng Pilipinas)

MEDICARE INSURANCE FUND -
fund set aside for payment of claims of members against
hospitalization, surgical and medical expenses.
(Government Service Insurance System)

MEMBER LOANS

short and medium term loans, which could be availed of by the members
from the System, e.g., salary, calamity or emergency loans.
(Social Security System)

NATIONAL GOVERNMENT or the term Government  the central authority of
the country and includes all agencies covered by the national budget.
(Bangko
Sentral ng Pilipinas)

NET DOMESTIC CREDITS 
consist of domestic credits of the BSP, (net of National Government
deposits and loans and advances to DMBs) and domestic credits of DMBs
(net of National Government deposits, as well as inter-commercial
banks loans and advances). (as defined under MB res. 404 dated 14
February 1975) (Bangko
Sentral ng Pilipinas)

NET FOREIGN ASSETS

these are assets less liabilities denominated in foreign currencies of
the Monetary Authorities and DMBs which are either of short term,
medium or long term maturities. Short term accounts would fall under
net international reserves while the rest would be under medium/long
term and non-monetary accounts. (Bangko
Sentral ng Pilipinas)

NET OTHER ACCOUNTS

accounts of the BSP and DMBs not classified elsewhere. Basically, this
account is the difference between the miscellaneous assets and the
miscellaneous liabilities and capital accounts of the BSP and DMBs.
(Bangko
Sentral ng Pilipinas)

NEW MANILA REFERENCE RATE (New MRR)  the weighted average
interest rate announced by BSP which is based on the combined
promissory note and time deposit transactions of commercial banks. It
replaces the old MRR as reference rate of banks and non-bank financial
intermediaries in the pricing of floating rate loans. (Bangko
Sentral ng Pilipinas)

NON-LIFE INSURANCE COMPANY
-
an insurance company concerned with insuring property and casualty
lines of business and other forms of insurance other than life.
(Insurance Commission)

NON-MONEY SUPPLY DEPOSITS -
total of quasi-money, marginal deposits and deposit substitutes of
local governments and semi-government entities and residents with DMBs.
(Bangko
Sentral ng Pilipinas))

OLD
MANILA REFERENCE RATE (Old MRR)  weighted
average interest rate announced by the former Central Bank of the
Philippines which is based on promissory note transactions of
commercial banks. The old MRR is used as reference rate of banks and
non-bank financial intermediaries in the pricing of floating rate
loans. (Bangko
Sentral ng Pilipinas)